Net Asset Value(s) per Exit Share

The unaudited net asset value for The Throgmorton Trust PLC tender pool at
close of business on 20 February 2009 was 16.65p per Exit Share after deduction
of the first interim payment of 47p per Exit Share which was paid on 30
September 2008, the second interim payment of 28p per Exit Share paid on 27
October 2008 and the third interim payment of 15p per Exit Share which was paid
on 5 December 2008.

The Company has received confirmation that it will receive £2.4m of interest
from HMRC in respect of VAT repaid relating to the JP Morgan Claverhouse
case.    This interest receipt has been allocated between the continuing
shareholders and the tender pool in proportion to the original allocation of
assets between these two pools, and has been reflected in today's NAV,
resulting in an uplift to the tender pool NAV per share of approximately
1.7pence per share